134. Praxeology in One Lesson with Conza
The Bitcoin Standard Podcast
00:00
What Shapes the World Around Us Are Not Human Beings
We expect that the physical world in which we live is going to abide by the rules of the model. That's not the case with these mathematical models that are in mainstream economics. And every time they implement something like this, it ends up back firing. So how does a minimum wage law affect people's actions? That's the key thing. The praxeology way is that what shapes the world around us are human beings.
Transcript
Play full episode
